Montrose Metro Area, CO Housing

The housing market in Montrose, CO Metro Area is highly desirable due to the median house value being $424,400 which is higher than the US median house value of $338,100. The appreciation rate for home prices within this area is also higher than the national average at 8.86%, compared to 8.27% in the US overall. This makes it an attractive place to invest in housing because of its potential for strong returns over a short period of time. With rising demand and a growing population, it is likely that this trend will continue into the future.

The median home cost in Montrose Metro Area is $424,400. Home appreciation the last 10 years has been 104.2%. Home Appreciation in Montrose Metro Area is up 17.7%.

Average Age of Homes

- The median age of Montrose Metro Area real estate is 28 years old

The Rental Market in Montrose Metro Area

- Renters make up 27.5% of the Montrose Metro Area population
- 2.1% of houses and apartments in Montrose Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montrose, Colorado	United States
	22,010.0	139,647,020.0
	31	42
	$424,400	$338,100
	17.7%	16.6%
	72.3%	57.0%
	104.2%	101.1%
	$3.81	$10.98
	$1,106	$2,690
	65.1%	57.4%
	13.5%	11.2%
	21.4%	31.4%
Vacant Housing
	2.1%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	1.1%	0.4%
	5.5%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	6.1%	2.6%
	2.3%	2.4%
	1.2%	2.8%
	1.8%	3.9%
	1.7%	4.5%
	6.1%	11.3%
	10.0%	13.0%
	26.1%	20.1%
	17.1%	13.6%
	8.2%	8.3%
	14.0%	9.7%
	2.7%	3.9%
	1.4%	2.2%
	0.6%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	23.1%	13.6%
	23.1%	13.6%
	21.2%	13.6%
	12.7%	13.2%
	14.8%	14.8%
	21.2%	13.6%
	5.7%	10.0%
	2.1%	4.7%
	9.1%	12.2%

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